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Larry Summers Withdraws From Consideration for Fed Chairman!
Gold Bonds - High Income Opportunities From These 4 Companies
Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz!
Gold: a volatile and changeable market ahead

Larry Summers Withdraws From Consideration for Fed Chairman!

Posted: 15 Sep 2013 05:29 PM PDT

Harvard’s Larry Summers, who the Obama administration had been reportedly ready to tab as the next Chairman of the Federal Reserve as soon as last week (after floating the rumor via Japan) has apparently gotten cold feet about being blamed for the coming BIG ONE succeeding Shalom Bernanke, as Summers sent President Obama an official [...]

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Gold Bonds - High Income Opportunities From These 4 Companies

Posted: 15 Sep 2013 02:03 PM PDT

Over the past couple of years, I have come across numerous commentaries mentioning gold-backed bonds as a potential solution to the eurozone's woes. While that idea has yet to come to fruition, you can purchase bonds that are, in a way, backed by gold. As someone who frequently screens the secondary corporate bond market for individual bond opportunities, I regularly come across the bonds of four well-known gold producers.

Barrick Gold (ABX) and its subsidiaries have plenty of bonds currently offered in the secondary market. This includes a few longer-dated issues being offered at yields-to-worst of over 7%. Here is a selection of those bonds as well as a few shorter-dated notes in order of highest-to-lowest yields-to-worst:

CUSIP	Maturity	Coupon	Offer Price	Current Yield	Yield-to-Worst
06849RAG7	5/30/2041	5.70%	81.418	7.001%	7.266%
067901AH1	4/1/2042	5.25%	77.759	6.752%	7.074%
067901AA6	11/15/2034	5.80%	91.435	6.343%	6.553%
067901AL2	4/1/2022	3.85%	85.376	4.509%

Jim Sinclair: Summers to the Rescue Will Send Gold Over $3,500/oz!

Posted: 14 Sep 2013 04:27 PM PDT

Legendary gold trader Jim Sinclair has sent another email alert to subscribers this weekend, warning that the economy is decelerating throughout the entire Western world, and that the Obama administration attempting to send Summers to the rescue is inflationary, and the result will be gold trading at and above $3,500/oz!
Click here for Sinclair's full alert: